Tamil Nadu Newsprint & Papers Ltd Hits 52-Week Low, Underperforms Sector and Market

Oct 22 2024 10:15 AM IST
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Tamil Nadu Newsprint & Papers Ltd, a smallcap company in the paper and paper products industry, has recently hit a 52-week low and has been given a 'Strong Sell' call by MarketsMojo. The stock has been on a downward trend for the past 6 days and has underperformed the sector by -1.48%, trading below its moving averages and showing a -33.67% decline in the past year.

Tamil Nadu Newsprint & Papers Ltd, a smallcap company in the paper and paper products industry, has recently hit a 52-week low on October 22, 2024. The stock has been on a downward trend for the past 6 days and has underperformed the sector by -1.48%. Today, the stock touched an intraday low of Rs. 188.25, which is -2.51% lower than the previous day's close.

According to MarketsMOJO, a leading stock market analysis and recommendation platform, the stock has been given a 'Strong Sell' call. This is based on the fact that T N Newsprint is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish trend in the stock.

In terms of performance, Tamil Nadu Newsprint & Papers Ltd has seen a -33.67% decline in the past year, while the Sensex has shown a positive growth of 24.05%. This further highlights the underperformance of the company in comparison to the overall market.

It is important to note that this article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative tone for readers who are interested in the stock market and the performance of Tamil Nadu Newsprint & Papers Ltd. As always, it is recommended to do your own research and consult with a financial advisor before making any investment decisions.
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